NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Samson Mow’s Macro Indicators to Watch Ahead of BTC’s Next Rally

Published 01/29/2024, 07:19 PM
Updated 01/29/2024, 07:45 PM
© Reuters.  Samson Mow’s Macro Indicators to Watch Ahead of BTC’s Next Rally
BTC/USD
-
USDT/USD
-

  • Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior.
  • Cypherpunk supported Mow’s observation, showing evidence of ongoing Bitcoin accumulation on Bitfinex.
  • Bitcoin recovered from a drop to $38,505 and traded above $40,000 at the time of writing.

Prominent Bitcoin supporter Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior. Mow identified ETF inflows, Hashrate, Bitfinex whale accumulation, and the 200 WMA trend as some of the crucial indicators to watch for bullish signals.

The Bitcoin product merchant Cypherpunk supported Mow’s observation, sharing a screenshot to show an ongoing Bitcoin accumulation by crypto whales on the Bitfinex exchange. In a recent post on X (formerly Twitter), the merchant used a Bitcoin logs chart from TradingView to show a significant bullish behavior among the whales on…

The post Samson Mow’s Macro Indicators to Watch Ahead of BTC’s Next Rally appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.